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According to several local reports, Foxconn’s Terry Gou made some pretty bold statements at Hon Hai Precision’s annual meeting of shareholders on Monday. While there are a few translations, all seem to claim Gou urged customers to wait for the iPhone 5, “saying that the new model will put Samsung’s Galaxy III to shame.” A report from Focus Taiwan quoted China Times:

Gou said he has made it a lifetime goal to defeat Samsung — “a company with a track record of snitching on its competitors.”… He was referring to Samsung’s action in 2010 of snitching on four Taiwanese companies in an investigation by the European Commission on price-fixing in the flat panel industry…Samsung was exempted from the investigation by serving as a “tainted witness.” … Gou also urged consumers to wait for the launch of Apple’s iPhone 5, saying that the new model will put Samsung’s Galaxy III to shame.

Gou also apparently claimed that Foxconn’s Sakai plant “has an exclusive agreement with Corning Inc., an American manufacturer of glass, on large panel supply,” and his “competitors will not be able to secure any such material if they wished to.” We are going to wait to see if Foxconn issues a statement regarding these quotes, because we know a couple of stories in recent months misquoted Gou…

“I respect the Japanese and especially like their execution and communication styles,” Gou said, “Unlike the Koreans, they will not hit you from behind.”